Transparency Market Research has published a new market report titled Diabetic Food Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020. According to the report, the global diabetic food market was valued at USD 7,418.6 million in 2013 and is anticipated to reach USD 11,098.0 million by 2020, expanding at a CAGR of 5.9% from 2014 to 2020. North America dominated the global diabetic food market in 2013 and is expected to maintain its leading position over the forecast period. Consumer awareness about health benefits associated with low calorie diabetic food products is propelling the growth of the diabetic food market globally.
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Rising consumer concern about healthy eating habits coupled with changing food preference is stimulating the demand for diabetic food products globally. Moreover, growing number of diabetic patients and other health complications associated with diabetes are playing a crucial role in boosting the demand for diabetic food. The U.S., U.K., Germany, China and India are some of the major markets for diabetic food. Furthermore, increasing concern to maintain a healthy lifestyle is boosting the demand for diabetic foods in Rest of the World (RoW).
People with high blood sugar levels are prone to stroke and heart attack. Furthermore, eye complications and nerve problems are among the major side effects of high blood sugar. Manufacturers are keen on introducing new low calorie food products with sugar substitutes and less oil, in view of the increasing consumer interest toward healthy eating. Furthermore, food manufacturers are also concentrating on strengthening and widening their distribution channels in order to ensure better accessibility of diabetic food products to consumers globally.
Unilever Plc, Nestle S.A., PepsiCo Inc., The Coca-Cola...